The Learning Center
Terms that begin with I
Interchange rate is a baseline cost established by the two bankcard associations, Visa and MasterCard, on behalf of their member banks that set the foundation costs which makeup the merchant's bank card processing fees. Additional fees may be added by the merchants acquiring bank to reach a final rate called the "discount rate".
Copyright © 2002-2018
Best Credit Card Reviews
* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Here" button, you can review the credit card terms and conditions on issuers website.